Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Accounting Standards Codification | Statement: [US GAAP, composedOf, Accounting Standards Codification]

Target entity: Accounting Standards Codification
Context triple: [US GAAP, composedOf, Accounting Standards Codification]

• A. United Nations System of National Accounts
  The United Nations System of National Accounts is an internationally agreed statistical framework that provides standardized concepts, definitions, classifications, and accounting rules for measuring a country’s economic activity and compiling national accounts such as GDP.
• B. Standards Code
  The Standards Code was a multilateral trade agreement under the GATT that established detailed rules to prevent technical regulations and product standards from becoming disguised barriers to international trade.
• C. Public Company Accounting Oversight Board
  The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
• D. Sarbanes–Oxley Act of 2002
  The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
• E. US GAAP
  US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: Accounting Standards Codification
Triple: [US GAAP, composedOf, Accounting Standards Codification]

Accounting Standards Codification is the centralized, authoritative source of U.S. generally accepted accounting principles, organizing and standardizing all official financial accounting and reporting guidance for nongovernmental entities.

Target entity: Accounting Standards Codification
Target entity description: Accounting Standards Codification is the centralized, authoritative source of U.S. generally accepted accounting principles, organizing and standardizing all official financial accounting and reporting guidance for nongovernmental entities.

• A. United Nations System of National Accounts
  The United Nations System of National Accounts is an internationally agreed statistical framework that provides standardized concepts, definitions, classifications, and accounting rules for measuring a country’s economic activity and compiling national accounts such as GDP.
• B. Standards Code
  The Standards Code was a multilateral trade agreement under the GATT that established detailed rules to prevent technical regulations and product standards from becoming disguised barriers to international trade.
• C. Public Company Accounting Oversight Board
  The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
• D. Sarbanes–Oxley Act of 2002
  The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
• E. US GAAP chosen
  US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
• F. None of above.